MITK
Mitek Systems·NASDAQ
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MITK fundamentals
Mitek Systems (MITK) released its earnings on Feb 5, 2026: revenue was 44.24M (YoY +18.75%), beat estimates; EPS was 0.26 (YoY +73.33%), beat estimates.
Revenue / YoY
44.24M
+18.75%
EPS / YoY
0.26
+73.33%
Report date
Feb 5, 2026
MITK Earnings Call Summary for Q1,2026
- Revenue Growth: 19% YoY to $44.2M, driven by 30% Fraud/Identity and 21% SaaS. EBITDA margin 30% vs. 21% prior year.
- AI Strategy: Check Fraud Defender coverage 50% U.S. checking accounts, annualized contract value $17M (+44% YoY). 280bps gross margin decline from pilots.
- Balance Sheet: $50M share buyback, $155M convertible notes retired. Free cash flow 102% of EBITDA vs. 83% prior year.
- Contradictions:
- Growth vs. Margin: 30% EBITDA growth (vs. 21% prior year) reflects platform leverage. 50% U.S. checking coverage improves detection accuracy.
- Synthetic Fraud Risk: Institutions accelerate deals post-attack, but pilot costs weigh on near-term margins.
- Regulatory Confidence: Mitek's track record in regulated markets reduces counterparty risk, but check market decline pressures core franchise.
- Execution Themes: 43% SaaS contribution to LTM revenue, up from prior year, reflecting platform stickiness.
- Contrarian View: 30% EBITDA growth (vs. 21% prior year) reflects platform leverage. 50% U.S. checking coverage improves detection accuracy, but pilot costs weigh on near-term margins.
- Key Contradictions:
- Growth vs. Margin: 30% EBITDA growth (vs. 21% prior year) reflects platform leverage. 50% U.S. checking coverage improves detection accuracy.
- Synthetic Fraud Risk: Institutions accelerate deals post-attack, but pilot costs weigh on near-term margins.
- Regulatory Confidence: Mitek's track record in regulated markets reduces counterparty risk, but check market decline pressures core franchise.
EPS
Revenue
Revenue & Expenses
MITK has released its 2026 Q1 earnings report, with revenue of 44.24M, reflecting a YoY change of 18.76%, and net profit of 2.77M, showing a YoY change of 160.10%. The Sankey diagram below clearly presents MITK's revenue sources and cost distribution.
Key Indicators
Mitek Systems (MITK) key financial stats and ratios, covering profitability, financial health, and leverage.
Mitek Systems (MITK)'s revenue and profit trends over recent years, visualized with a waterfall chart to showcase the revenue-to-profit funnel.
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Mitek Systems (MITK)'s asset and liability trends over recent years, visualized with a waterfall chart to illustrate changes in its asset-liability structure.
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Mitek Systems (MITK)'s cash flow trends over recent years, visualized with a waterfall chart to illustrate changes in its operating, investing, and financing cash flows.
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Where does Mitek Systems (MITK) generate its revenue? Explore its key revenue streams and top earning regions.
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Track Mitek Systems (MITK) Dividend Yield, Payout Ratio & Sustainability Through Its Dividend History
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Dividend Yield
You can ask Aime
Did Mitek Systems beat or miss consensus estimates last quarter?What is Mitek Systems's latest dividend and current dividend yield?What factors drove the changes in Mitek Systems's revenue and profit?What is the revenue and EPS growth rate for Mitek Systems year over year?What were the key takeaways from Mitek Systems's earnings call?What is the market's earnings forecast for Mitek Systems next quarter?What guidance did Mitek Systems's management provide for the next earnings period?What does Mitek Systems do and what are its main business segments?
